ipowners’ confidence increases, but dry bulk vessel acquisitions remain low

A steady increase of the Baltic Dry Index, coupled with improved market sentiment after a serious retreat of freight rates since the end of the previous year, have boosted dry bulk ship owners’ confidence, thus helping with second hand vessels deals. According to the latest weekly report from Piraeus-based shipbroker Golden Destiny, a total of 31 vessels werer reported changing hands during the previous week, for a total amount of $731,600,000, while six transactions were reported on private terms. “In terms of reported number of transactions, the S&P activity has been marked with almost a 11% positive w-o-w change, while is down by region 9% comparable with previous year’s weekly S&P activity when 34 vessels induced buyers’ interest.